BAKU, Azerbaijan, June 2. SOCAR is transforming
from an oil and gas company into a global energy and technology
company, SOCAR President Rovshan Najaf said at a panel discussion
on the second day of Baku Energy Week, Trend reports.
According to him, companies operating in the energy sector are
transitioning from the traditional oil and gas business model to
broader areas of activity, and this transformation is one of the
main directions of future development.
Najaf noted that if previously companies were characterized
mainly by oil and gas assets, now they have transformed into energy
companies and operate in the field of oil, gas, and other energy
products.
"The next stage of development for us and many companies in the
energy sector is to enter the field of artificial intelligence and
data centers. This is the natural direction of development of the
sector. We are investing in data centers and artificial
intelligence centers in order to ensure long-term and sustainable
development. One of the agreements signed yesterday was related to
the creation of a data center and an artificial intelligence center
in Azerbaijan," he pointed out.
According to the SOCAR President, the company's activities are
no longer limited to Azerbaijan, and investments made in various
countries are creating conditions for its transformation into a
global player.
"This is the process of SOCAR's transformation from an oil
company to a diversified company combining energy, technology, and
information infrastructure," he emphasized.
Najaf added that the transformation process also affects the
company's human capital policy. Thus, the number of foreign
specialists is currently increasing in SOCAR, which previously
employed mainly local personnel, and professionals with
international experience are being attracted to management
positions in the company's subsidiaries in various countries.
According to him, this trend is an indicator of SOCAR's
transformation into a global energy company with international
human capital.
